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HEA Energy has issued a $550 million inaugural senior secured bond, marking
the largest deal by a MENA-headquartered company in the Nordic bond market.
The company said proceeds will be used to support the continued build-out
of its fleet of self-propelled, self-elevating support vessels and offshore
support vessels. These assets are widely deployed in offshore energy operations,
including installation and maintenance campaigns.
HEA Energy has expanded rapidly, growing to a fleet of 29 modern vessels
within three years. The fleet serves tier-one clients across the Gulf Cooperation
Council (GCC) and the North Sea, two regions with significant offshore
wind activity.
The transaction was arranged by DNB Carnegie, Fearnley Securities and Pareto
Securities as joint global coordinators and joint bookrunners. Magellan
Capital provided advisory support.
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